Posts Tagged ‘delinquent taxes’

The PEOPLE FIRST INITIATIVE from the IRS

  • April 3rd, 2020
  • David Greene
  • Comments Off on The PEOPLE FIRST INITIATIVE from the IRS

In conjunction with the CARES Act and other directives from the President, the IRS has begun a new initiative called the People First Initiative.  The highlights are as follows: If you are in an existing Installment Agreement, payments due between…

Which people get in tax trouble the most?

  • March 12th, 2020
  • David Greene
  • Comments Off on Which people get in tax trouble the most?

I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently.  Self employed people tend to find themselves…

Are IRS interest and penalty charges ever forgiven?

  • February 11th, 2020
  • David Greene
  • Comments Off on Are IRS interest and penalty charges ever forgiven?

Thank you for your question.  Many people who owe taxes more than five or six years old find that the interest and penalties are more than the original tax.  This is because penalties keep being added for several years.  In…

What does a Form 1099-C mean?

  • January 29th, 2020
  • David Greene
  • Comments Off on What does a Form 1099-C mean?

When a taxpayer is unable to pay all of a debt and the creditor cancels the unpaid part, the amount of the canceled debt is generally treated as income to the taxpayer under federal tax law. Unfortunately, this is what…

Is the Offer In Compromise program a scam?

  • November 20th, 2019
  • David Greene
  • Comments Off on Is the Offer In Compromise program a scam?

I’m happy to say that the Offer In Compromise program is not a scam and still works in the right circumstances.  In fact, I have already had several Offers accepted in 2019!  However, some unscrupulous people will take your money…

What is the Taxpayer Advocate Service and what does he or she do?

  • November 12th, 2019
  • David Greene
  • Comments Off on What is the Taxpayer Advocate Service and what does he or she do?

The Taxpayer Advocate’s office is a special position set up after the congressional hearings on the IRS revealed problems in how the IRS sometimes treats taxpayers.  There is a national taxpayer advocate office and also one in each state.  In…

Can I get my tax refund if I owe back taxes?

  • October 10th, 2019
  • David Greene
  • Comments Off on Can I get my tax refund if I owe back taxes?

Unfortunately, the IRS will take any refund to which you are otherwise entitled until your delinquent tax is paid in full.  Until your tax is paid in full, I suggest that you revisit your W-4 form and possibly adjust it…

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